Jonathan Shead to head up retirement solutions at State Street

image
image
expand image

State Street Global Advisors has announced Jonathan Shead would be appointed to the newly created role of head of retirement solutions.

Shead would be responsible for building a new team that would work with super funds and advisers to create innovative retirement solutions for the Australian market and meet evolving retirement needs.

Shead joined State Street in 2000, where he was part of the global portfolio strategy team, most recently as head of portfolio strategies for the Asia-Pacific region. Prior to this, Shead was a consulting actuary to super funds.

Head of State Street Global Advisors, Asia Pacific, James MacNevin, said as more Australian super fund members transition from accumulating wealth to drawing down their savings, the need for investment strategies tailored for retirement had become acute.

“Our Global Retirement Survey, to be released next month, indicates only one in five working Australians are optimistic about their financial future in retirement,” he said.

“We hope this new Retirement Solutions team will help shift that sentiment and contribute to a greater sense of financial security for Australians.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

As the Australian financial landscape faces increasing scrutiny from regulators, superannuation fund leaders are doubling down on their support for private markets, argui...

10 hours ago

Australian Retirement Trust (ART) is leaning on its private asset allocation to help shield members from ongoing market volatility, as its chief economist stresses the im...

10 hours ago

New data has shown a progressive deterioration in risk appetite among instos even prior to Donald Trump’s latest round of tariffs....

1 day 8 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND